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Anti-Dumping Duty on Stainless-Steel Seamless Tubes and Pipes

June 9, 2023 6930 Views 1 comment Print

Ministry of Finance issued a new notification regarding the imposition of anti-dumping duty on Stainless-Steel Seamless Tubes and Pipes, and the change of a company’s name in the sector.

SEBI Circular: Upstreaming Clients’ Funds – Implications & Guidelines

June 8, 2023 15090 Views 0 comment Print

SEBI has issued a circular requiring stock brokers and clearing members to upstream clients’ funds to clearing corporations. 

DGFT Announces New Import Guidelines for Watermelon Seeds until October 2023

June 8, 2023 4626 Views 0 comment Print

Latest updates on Directorate General of Foreign Trade’s rules and procedures for import of watermelon seeds, effective until October 2023.

RBI Framework for Compromise Settlements and Technical Write-offs

June 8, 2023 7698 Views 0 comment Print

Reserve Bank of India’s framework for compromise settlements and technical write-offs, including the provisions, delegation of power, prudential treatment, reporting mechanism and impact of this framework on regulated entities and its implications for stressed assets. The Reserve Bank of India (RBI) has recently introduced a comprehensive regulatory framework for compromise settlements and technical write-offs, aiming […]

MCA Imposes Penalties for Non-compliance with Board Meetings Norms

June 7, 2023 9483 Views 0 comment Print

MCA imposed penalties on CFS Netralaya Private Limited for not holding the minimum number of Board meetings as per the Companies Act, 2013.

RBI Updates Alert List of Unauthorized Forex Trading Platforms – June 2023

June 7, 2023 13134 Views 1 comment Print

Reserve Bank of India (RBI) releases an updated Alert List of unauthorized Forex trading platforms. Stay informed to safeguard your investments.

CBI Arrests Arrests Customs Officers in Mumbai

June 7, 2023 1434 Views 0 comment Print

On June 6, 2023, the Central Bureau of Investigation arrested two Deputy Commissioners of Customs in Mumbai, allegedly involved in a syndicate misusing ‘Transfer of Residence’ provision under the Customs Act. The accused allegedly undervalued imported goods, concealed undeclared items, and collected illegal gratification. Incriminating documents were recovered during multiple location searches. The accused will […]

ITAT delhi Deletes Addition of Cash Gifts Received from Mother

June 7, 2023 2178 Views 0 comment Print

In Sharon Agarwal Vs ITO, ITAT Delhi deletes addition of cash gifts received from mother. Explore implications of this landmark decision

Delhi HC Orders Timely Disposal of Long-standing Appeal

May 31, 2023 609 Views 0 comment Print

Delhi HC verdict on Northern India Zonal Assembly of The Mar Thoma Church’s case against Income Tax Department. The court calls for a swift resolution to a four-and-a-half-year-old appeal.

GST Registration cannot be cancelled by merely describing Firm as Bogus: Allahabad HC

May 31, 2023 2379 Views 0 comment Print

Allahabad High Court ruled that cancellation of GST registration cannot be solely based on labeling a firm as bogus. Court quashed orders passed by authorities

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